Paramount+ Hikes Subscription Rates Amid Industry-Wide Streaming Price Increases
June 25, 2024![Paramount+ Hikes Subscription Rates Amid Industry-Wide Streaming Price Increases](https://cdn.brief.news/images/stories/ba192860a2767fd8fc44d8fa4595fa341d462ff17a4b4a55a2b45fd9b4c52950bafef17670adcd28c268f68b0151cb5b26e1b353cb53b5472b1ebd246f9d5541.jpg)
Paramount Global's streaming service, Paramount+, is increasing subscription rates in August and September to address debt and restructure its business.
The ad-free plan for new subscribers will now cost $12.99 per month, while the ad-supported plan will be $7.99 per month.
The Paramount+ with Showtime plan will be priced at $13 a month, and the Essential plan at $8 a month.
The company is focused on cost reduction and asset divestment as it works to turn around its streaming business.
Paramount+ boasts 71 million paying customers but still operates at a loss, prompting the search for a strategic partner.
Other streaming services like Peacock and Warner Bros Discovery are also raising prices, prompting customers to reassess their subscriptions in the face of industry-wide price hikes.
Summary based on 10 sources
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![Paramount Plus is getting yet another price hike](https://cdn.brief.news/images/links/c8fccf437464a6157a9ae969cee5d508aaa7afb6554252bdb121f52b25145dfd8cb532add113e5735b01eb985819f31afcfed620e98788a532e701a138d121ba.png)
The Verge • Jun 24, 2024
Paramount Plus is getting yet another price hike![Paramount+ to increase prices for its streaming plans](https://cdn.brief.news/images/links/f95556e354a8968505ea699bd85a99923a664677d1d815edff1b2ceb74c1fc5aed81b53c59bb40d1cae3eb45e22b808fbd1a995fcee573c0c2a9b82422ef95a0.jpg)
CNBC • Jun 24, 2024
Paramount+ to increase prices for its streaming plans![Paramount+ is getting on the streaming price hike bandwagon](https://cdn.brief.news/images/links/655d82d3fc99e1cf944f4ee85d5d99769d4f5f12f94021d372dbb865a506518eb3c83ecfd876d96c81e49c5f2647e914148396abd5dea5e13a9c255511784313.png)
Quartz • Jun 24, 2024
Paramount+ is getting on the streaming price hike bandwagon![Paramount Plus is getting more expensive again | Digital Trends](https://cdn.brief.news/images/links/0859125a07bf05a3094bb19e8ec5204eb74d6f815f6fd95f7a4361caee5325ba43fc56fee79f08ff4b79d47d659301c5a7b068107a2c53f403f44412826f6757.png)
Digital Trends • Jun 24, 2024
Paramount Plus is getting more expensive again | Digital Trends